lifo

[US]/ˈlaɪfəʊ/
[UK]/ˈlaɪfoʊ/
Frequency: Very High

Translation

abbr.Last In, First Out

Phrases & Collocations

lifo method

lifo inventory

lifo accounting

lifo reserve

lifo liquidation

lifo layer

lifo assumption

lifo conformity

lifo pool

using lifo

Example Sentences

the company uses the lifo method to value its inventory.

under lifo, the most recent inventory costs are recorded first.

accountants often compare lifo and fifo to analyze profit margins.

rising inflation generally increases taxable income under the lifo system.

the data structure operates on a strict lifo basis.

we implemented a lifo queue to handle the network packets.

the stack uses a lifo approach to manage its elements.

the lifo reserve represents the difference between lifo and fifo inventory.

switching from fifo to lifo can significantly impact the balance sheet.

technical support calls are unfortunately handled on a lifo basis.

the processor stack follows a lifo discipline during execution.

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